Prices of onion, wheat and pulses fall on fear of government action

Wheat prices have declined by 15% in the last four days after the central government tightened the stock holding limit on traders and processors. Likewise, the wholesale prices of onion at the benchmark Lasalgaon APMC in Maharashtra have crashed by 15-20% after the Centre banned onion export on December 8 and the decision to allow duty-free import of yellow peas has led to a fall in prices of all the pulses.

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